The Perak Menteri Besar together with guests present.

IPOH, 6 October 2021- Perak is on a strong track to enter the economic recovery phase when it recorded an impressive investment performance of RM5.2 billion for the first six months of this year, an increase of 126 percent compared to the same period last year.

Perak Menteri Besar Dato' Saarani Mohamad said investments recorded from January to June 2021 were almost equal to the total investment in 2020, which amounted to RM5.6 billion.

The amount also included investments of RM2.34 billion from five companies announced by the Northern Corridor Implementation Authority (NCIA) at the investment commitment ceremony recently.

“The performance showed that Perak was still able to record an increase in investments despite facing a very challenging environment due the COVID-19 pandemic which has affected major economies around the world.

"Investments from January to June 2021 in Perak were dominated by manufacturing projects with total approved investments of RM4.06 billion, involving 21 projects," he said.

He said this in a press conference after chairing the State Exco meeting at Bangunan Perak Darul Ridzuan today.

Also present were State Secretary Dato' Ahmad Suaidi Abdul Rahim, state Industry, Investment and Corridor Development Committee chairman Dato' Shahrul Zaman Yahya and Malaysian Investment Development Authority (MIDA) chief executive officer Arham Abdul Rahman.

Dato' Saarani said among the largest projects approved in the manufacturing sector in Perak during the period are: 

I. Sheng Long AquaTechnology (M) Sdn Bhd, a company from the People's Republic of China that specialises in high-performance aquaculture & aquaculture food. 

II. Eco Medi Glove, a company from Singapore that produces Examination Gloves. 

III. KL-Kepong Rubber Gloves, a local company that produces Examination Gloves made from Nitrile and natural rubber. 

IV. Onetexx Sdn Bhd, a company building an integrated facility for the manufacture of rubber gloves in Kamunting, Perak. 

V. PNA Technologies Sdn Bhd, an equipment manufacturing company for the automotive industry in Kampung Gajah, Perak. 

VI. Hicom Teck See Manufacturing Malaysia Sdn Bhd, an automotive component manufacturing company building a new plant in Tanjung Malim, Perak.

VII. Dynacare Sdn Bhd, a company building a glove production plant in Lumut Port Industrial Park, Perak. 

According to him, all the high-impact projects accounted for 90 per cent of the total investment value of manufacturing projects and represented 70 per cent of the total investment for various sectors approved in Perak for January to June 2021. 

Additionally, the services and primary sectors recorded total approved investments of RM1.15 billion and RM0.022 million respectively with 151 projects. 

“Investment approvals in all sectors are projected to create 4,162 new job opportunities for Perakians, with the manufacturing sector being the largest contributor at 91.4 percent. 

"The state government will continue to intensify efforts, including increasing cooperation with MIDA to help strengthen business processes as well as improve the efficiency of various organisational functions," he added. 

At the same time, among the initiatives implemented was PACU@MIDA or Project Acceleration and Coordination Unit which provides end-to-end facilitation to all approved projects to ensure that the investment process can be implemented within the stipulated timeframe. 

Source : Corporate, SUK Perak.